Cement News tagged under: Prices
Gabon sees 2% drop in 1Q cement production10 August 2020, Published under Cement NewsThe first three months of 2020 saw cement production in Gabon fall by 1.7 per cent YoY to 109,954t, according to Gabon’s General Directorate for the Economy and Fiscal Policy. Combined with the COVID-19 pandemic, this has started to impact the domestic market as prices are rising following a shortage of supply. |
Uzbekistan cement prices fall17 July 2020, Published under Cement NewsAt the last auction of the Uzbek National Commodity and Raw Materials Exchange on 29 June, the average weighted cost fell 4.9 per cent from UZS792,000/t (US$77.71/t) to UZS754,000/t, according to the UzEX press service. Between January and June 2020, the average price of all cement brands on the exchange advanced 59 per cent from UZS499,000/t to UZS792,000/t as the construction season got underway in May. A reduction of volumes offered by sellers and a threefold increase in cement imports... |
Japan: towards higher profits07 July 2020, Published under Cement NewsWith an ageing population and requirement for more construction investment, the Japanese cement industry faces many challenges. There is a need for the sector to return to profitable pricing levels and modernise its production facilities, particularly as energy conservation and emissions reduction requirements shift from a domestic to a global focus. By Hajime Inoue, Japan Credit Rating Agency Ltd, Japan. While medium-term cement demand is robust, Japan’s ageing population and lagging... |
Indian cement demand recovers after lockdown26 June 2020, Published under Cement NewsFollowing the lifting of the coronavirus lockdown in several Indian states, the country’s cement industry is witnessing some pick-up in demand, according to Livemint. Research into the cement dealers’ channel by various brokers has shown that pent-up demand is supporting capacity utilisation levels with rural areas expected to provide a further rise in sales going forward. “Rural and pent-up demand has led to higher-than-expected volumes in May-June 2020 and the industry could just suffe... |
Indian demand decline slows in May19 June 2020, Published under Cement NewsDespite expectations of a significant decline, Indian cement dispatches are estimated to have only fallen by 15-20 per cent in May, compared with an 80-86 per cent drop in the previous month. The positive development has been attributed to pent-up retail demand and the resumption of some construction projects. Cement prices have also been reported to increase by 0.8 per cent MoM in June, according to IDBI Capital Markets & Securities. However, the prices may begin to dip in the coming mont... |
Telangana producers asked to cut prices15 June 2020, Published under Cement NewsTelangana’s Minister of Municipal Administration, KT Rama Rao, and Prashanth Reddy held a meeting with cement industry leaders to ask them to reduce prices to INR230/bag so that the real estate sector in the Indian state could be stimulated faster. Cement companies have reportedly been providing cement at this price since 2016 and the government has requested that the same price be maintained for next three years, according to The Hans India. The cement representatives are expected to ... |
Impact of COVID-19 on global cement markets01 June 2020, Published under Cement NewsOver the course of just a few months the impact of the COVID-19 pandemic has changed the global cement market landscape completely and, as the situation continues to unfold, visibility is low. Within the context of this unprecedented experience, Paul Roger, head of Exane BNP Paribas’ building materials team, gives his view on cement demand growth in 2020 and 2021, as well as thoughts on whether cement pricing will hold and what the industry can do to protect cash flow. He also underlines why... |
Petcoke market sees prices slump22 May 2020, Published under Cement NewsHit by the coronavirus, petcoke prices fell as the Mediterranean market contracted. Demand declined as the cement and construction sectors reduced their output amid lockdown restrictions. A Spain-based trader said he had heard “some inquiries over the place (Japan, Pakistan, India, China, Denmark, Guatemala, etc to name some) but not real closures yet. Not much really at Med. Only running countries are Egypt and Turkey, but both ended 2019 on high clinker stocks thus demand now is not grea... |
Indian prices expected to rise as demand falls20 May 2020, Published under Cement NewsIndian cement prices are expected to rise by INR15-20/bag (US$0.19-0.26) due to supply constraints, despite dealers across the country expecting demand to fall by 30 per cent on the back of stalled construction projects, reports analytics agency Crisil. However, over the medium term, the price hike is expected to be rolled back due to the low demand and rising competition. The delay in construction work is expected to be anywhere between 4-6 months, depending on the lockdown outcomes. ... |
Abay Cement plant now 60% complete19 May 2020, Published under Cement NewsThe construction of Abay Cement Factory in Amhara, Ethiopia, is now 60 per cent complete and will commence operations next year, according to Samuel Halala, director of the Ethiopian Chemical and Construction Inputs Industry Development Institute. The 2.5Mta project is being developed by Abay Industrial Development Association. On average, cement plants in the country are using around 60 per cent of their production capacity, stated Mr Halala. He also noted that the price of cement has su... |